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WSJ News Exclusive | U.S. Companies Aid China’s Bid for Chip Dominance Despite Security Concerns
Tags: Current Focus, Early Warning, Managing Business, United States, China, Japan, South Korea, Computers, Information Technology, Banks / Insurance, Capital Markets, The Economy, Movement for Renewal of America, 2. Cost of Living Action, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 8. U.S. Investment by Government+ Private,
Walden International was founded by Lip-Bu Tan- similar to Morris Chang a graduate of MIT Engineering- in 1987. Between 2017-2021 Walden made investments in China's advanced tech companies in 40% of the venture deals from the US. At a time when some of these investments were larger than that in the US.
National security adviser Jake Sullivan following these investments said in a speech in July 2024 that the Biden administration is “looking at the impact of outbound U.S. investment flows that could circumvent the spirit of export controls or otherwise enhance the technological capacity of our competitors in ways that harm our national security.”
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